The series is calculated by the Federal Reserve Bank of St.Louis using data derived from the H.3 and H.4.1. releases.

This series has been discontinued with a phase of the simplification of reserves administration (https://federalregister.gov/a/2012-8562). Contractual clearing balance program was eliminated on July 12, 2012.Nevertheless, to get at the historical concept of Excess reserves using the new H.3 statistical release, take Total reserve balances maintained less Reserve balance requirements. Alternatively, one can view excess as the amount of balances maintained that satisfy the minimum requirements, which can be calculated by taking Total reserve balances maintained less Bottom of penalty-free band.

Display integer periods instead of dates (e.g. ...,-1,0,1,...) with the value scaled to 100 at period 0.

Integer start/endto

Modify frequency:

Aggregation method:

Customize data:

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Now create a custom formula to combine or transform the series.
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For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line.
Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses {(,)}, and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100).
As noted above, you may add other data series to this line before entering a formula.

Notes:

The series is calculated by the Federal Reserve Bank of St.Louis using data derived from the H.3 and H.4.1. releases.

This series has been discontinued with a phase of the simplification of reserves administration (https://federalregister.gov/a/2012-8562). Contractual clearing balance program was eliminated on July 12, 2012.Nevertheless, to get at the historical concept of Excess reserves using the new H.3 statistical release, take Total reserve balances maintained less Reserve balance requirements. Alternatively, one can view excess as the amount of balances maintained that satisfy the minimum requirements, which can be calculated by taking Total reserve balances maintained less Bottom of penalty-free band.